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April 15, 2014 | By Lauren Beale
James Van Der Beek of “Dawson's Creek” fame has sold a house in Valley Village for $1,155,250. The 3,017-square-foot house, built in 1936, features a great room with vaulted ceilings, exposed beams, a bonus room and an open kitchen with bar seating. There are four bedrooms and three bathrooms. French doors off the master suite overlook a swimming pool at the rear of the one-story home. Van Der Beek, 37, was on "Don't Trust the B-- in Apartment 23" (2012-13) and stars in new series “Friends With Better Lives.” Striking contemporary in Beverly Crest He paid $1.26 million for the house in 2005 and had been leasing it out for nearly $5,000 a month, according to the MLS. The property was listed at $1.155 million.
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CALIFORNIA | LOCAL
April 14, 2014 | By Hannah Fry
A 15-year-old Newport Beach resident was detained Sunday on suspicion of attempting to sell 51 pounds of illegal explosives on Craigslist , authorities said Monday. After the Los Angeles County Fire Department 's arson unit seized illegal fireworks from a manufacturer in Glendora, authorities found similar explosives pictured in a Craigslist advertisement in the Newport Beach area, according to a news release. L.A. County fire authorities, with the help of Newport Beach police and fire departments and the Orange County Sheriff's Departmen's bomb squad, set up an undercover "buy-and-bust" operation at the teen's home over the weekend, according to Times Community News.
CALIFORNIA | LOCAL
April 12, 2014 | By Elaine Woo, Los Angeles Times
Gregory White Smith, a Harvard-trained lawyer, businessman, philanthropist and Pulitzer Prize-winning biographer who raised hackles in the art world with an intensely psychological examination of the life and work of Jackson Pollock, has died. He was 62. Smith died Thursday at his home in Aiken, S.C., of a rare brain tumor diagnosed nearly 40 years ago, said his spouse and co-author Steven Naifeh. Naifeh and Smith won the Pulitzer Prize in biography for "Jackson Pollock: An American Saga," which was published in 1990 and spurred the 2000 movie "Pollock" starring Ed Harris.
BUSINESS
April 11, 2014 | By Lauren Beale
A Greenwich, Conn., estate called Copper Beech Farm has sold for $120 million, making it the most expensive recorded home sale in the U.S. Priced as high as $190 million, the 50.5-acre estate centers on an 1890s French Renaissance-style home of 13,519 square feet that sits on 4,000 feet of waterfront. The price surpasses private-equity chief Tully Friedman's $117.5-million sale last year of a nearly 9,000-square-foot home in Woodside, Calif. Named for copper beech trees on the site, the estate in Greenwich was sold by timber tycoon John Rudey.
BUSINESS
April 10, 2014 | By Salvador Rodriguez
T-Mobile announced that it will sell iPads capable of connecting to LTE networks at the same price as iPads that can only connect to Wi-Fi networks, essentially offering customers a $130 discount on the Apple tablets. The Seattle-based carrier said the special prices would be available for a limited time starting Saturday. Customers can get the discounted iPads, as well as other tablets, for nothing down followed by 24 monthly payments that vary depending on the tablet chosen. Under this promotion, for example, customers can get the LTE 16-gigabyte iPad mini with Retina display, which normally retails for $529, for a total of $398.88.
BUSINESS
April 10, 2014 | By Walter Hamilton
A plunge in once-soaring technology shares sent Nasdaq into a triple-digit decline and yanked the rest of the stock market down with it. Erstwhile darlings such as Netflix Inc. and Facebook Inc., as well as biotechnology highfliers such as Intercept Pharmaceuticals Inc., sank Thursday as investors fled many names they had favored just a few weeks ago. The sell-off was less a result of economic developments as it was the hard reality of a...
BUSINESS
April 10, 2014 | By Lauren Beale
Cuba Gooding Jr. has sold his house in Pacific Palisades for $9,828,300. Yes, yes, someone showed him the money, to borrow his line from “Jerry Maguire.” The nearly one acre of grounds is set up for family fun. A sunken trampoline -- think user safety -- sits in the lawn, there's a swimming pool and the sports court can double as a lighted roller hockey rink or a basketball court. The contemporary English-style two-story house features French doors, five fireplaces, beamed ceilings, a media room, seven bedrooms, 6.5 bathrooms, a wine cellar and upstairs and downstairs laundry rooms - another great idea.
ENTERTAINMENT
April 10, 2014 | By David Ng
The security guard is an art critic? A painting that recently sold at auction in Hong Kong for about $3.7 million is feared to have been thrown out in the trash, according to reports from China.  "Snowy Mountain" by contemporary Chinese artist Cui Ruzhuo was sold by the Chinese firm Poly Auction at the Grand Hyatt hotel in Hong Kong. The ink painting, which depicts a snowy mountainscape, sold for 28.8 million Hong Kong dollars.  ART: Can you guess the high price? Officials in Hong Kong are reportedly searching landfills after the South China Morning Post said security footage shows a guard kicking the painting to a pile of garbage.
BUSINESS
April 9, 2014 | By Lauren Beale
Michael Bay, the "Transformers" film series producer, has sold his estate in Bel-Air for $11.45 million. The three-story clean-lined contemporary was designed by the late Jack Warner, whose architectural firm worked on the Bel-Air Country Club. The 7,919-square-foot, museum-like house features high ceilings, a family room with a bar, library, a home theater, a wine cellar, four fireplaces, four bedrooms and six bathrooms. The nearly one-acre promontory has views that encompass the Los Angeles Basin, Mt. Baldy and Santa Monica Bay.  The site includes a swimming pool and mature trees.
BUSINESS
April 9, 2014 | By Jessica Wohl
CHICAGO - Wal-Mart is trying to make organic food more accessible to its budget-conscious shoppers. The retailer is making a bigger bet on the fast-growing category, teaming with Wild Oats to sell organic packaged food priced in line with conventional foods and at least 25% cheaper than other organic brands it currently carries. The effort by Wal-Mart, the world's largest retailer and the largest single seller of food in the United States, could have a ripple effect in the grocery industry.
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